Understanding starting a lottery business
If you’re thinking of starting a Lottery business, be aware that the UK has strict laws regarding lotteries and the industry is heavily regulated by the Gambling Commission. Running an illegal lottery could result in a prison sentence and £5,000 fine, so it’s essential that you understand lottery business law as laid out in The Gambling Act 2005. Lottery definition Under the Gambling Act, a lottery is defined as something that players pay the same price to enter and has at least one prize that’s allocated through a process of pure chance. Examples of a lottery include a sweepstakes, raffle or tombola. Competitions that depend on skill, knowledge or judgement, such as requiring players to answer a question to enter a draw, are not classed as lotteries. Types of lotteries and licences There ... »